Skip to main content

About your Search

20130204
20130212
STATION
CSPAN 12
MSNBC 12
MSNBCW 12
FOXNEWS 11
CSPAN2 6
KNTV (NBC) 5
WBAL (NBC) 4
WRC (NBC) 4
FBC 3
WTTG 3
KGO (ABC) 2
WJLA (ABC) 2
CNN 1
CNNW 1
( more )
LANGUAGE
English 99
Search Results 0 to 49 of about 99 (some duplicates have been removed)
deficit will be under $1 trillion for the first time since president obama took office. the c.b.o. also estimates the economy will grow 1.4% this year with unemployment remaining around 8%. c.b.o. director sat down with reporters this afternoon to discuss the economic and budget forecast. >> hello. thank you all for coming. i'm the director of the budget office. c.b.o. just released its outlook for the federal budget and the economy over the next decade. i'd like to tell you a little bit about if and then my colleagues and i will be happy to take your questions. our analysis shows that the united states continues to face very large economic and budget challenges. under current law we expect that the unemployment rate will remain above 7.5% through next year. that would make 2014 the sixth year in a row with unemployment so high. the longest such period in 70 years. also under current law, we expect the budget deficits over the next decade would total about $7 trillion. with deficits so high, the federal debt held by the public would remain a larger percentage of g.d.p. as in any year be
the national institutes of health where you are hindering growth you are not delegate t going te deficit. we need more revenue and more cuts. i would like to see that in a big balanced bold proposal. short of that, we must do something to avoid the sequester. >> chris: here is what house speaker boehner said this week. >> at some point, washington, has to deal with its spending problem. i have watched them kick this can down the road for 22 years that i have been here. i have had enough of it. it's time to act. >> chris: congress woman, let's look at the numbers. are you really saying in a government that spends $3.5 trillion a year increased discretionary spending by 14% in the last four years you can't $85 billion to cut to avoid the sequester. >> we have made the cut in terms of agriculture subsidies. there are tens of billions of dollars in cuts there. and that should be balanced with eliminating subsidies for big oil. why should we lower pell grants instead of eliminating the subsidies for big oil? >> chris: why not just cut spending. 85 billion north dakota a $3.5 trillion government.
will make what white house officials are describing as a progressive case for deficit reduction, that that still needs to be done even entitlement reform, and the progressive case is if these programs continue to grow out of control, they crowd out other initiatives, other priorities that are, you know, that progressives hold dear on education, on infrastructure, you know, social programs. >> well, one of the other things we'll see, congressman ellison, you and several other members of the democratic caucus will bring guests into the chamber victims of gun violence. >> that's right. as a matter of fact, young man named semi rahiman, who lost his father in a tragic event in minneapolis will join me and jim langua languagevin and our colleagues, about 30 members who are inviting victims of gun violence to be in the gallery looking forward to them being with us because they -- they're witnesses to the need for sane, sensible reform in the area of gun violence prevention. >> congressman cole, what's your sense of what can get done on that this year? gabby giffords will also be in th
believe there is a better way to reduce the deficit. the president's sequester should be replaced with spending cuts and reforms. that will start us on the path to balancing the budget in ten years. there is no balance in terms of revenue. the question is are congress and the white house headed for yet another big showdown. to come to us from washington to answer that question is karen bass from california. thank you for coming to the war room. >> thank you for having me again. >> jennifer: you bet. so the republicans are saying that obama's plan as he announced today are dead on arrival. are they serious? is this just posturing before they reach a deal? >> i certainly hope it is because the fact of the matter is we're three weeks away from the hammer falling. what the president has called for is for the republican majority to act responsibly. why on earth would they want to send our economy into another recession. if we can't come to a grand deal by march 1st. what the president has said and the democratic leadership hats said is okay do another short-term proposal but make it ba
's pockets but i'm sure it appears and power deficits all over the world. and i don't want to bring up the sisterhood of suffering in this, but certainly stands united and salvation women face a dual burden and the fact they work outside the home, but their work is not considered a contribution to the mainstream economy. certainly pakistan work on the long. so that is why we are putting borel and herbal women at the bottom of the pier made at our development strategies. >> thank you for coming. i want to ask you about the drugs. so pakistan's position is international law under those guidelines a lot to ask, why did she choose them? has pakistan shot drums and if not, the reason i assess this because there's bob pakistan publicly -- >> that may address this is most spokesperson do. they speak to what began in terms of the question and you do ask why -- you ask a question, which is a required complicity in this? let me assure you since we've been in government, there's no question of wink and nod. this is a parliamentary breadline that all government institutions have internalized this
's different? we have seen an enormous increase in the u.s. trade deficit, especially with countries like china. today, they happened to release a report that looked at the effect of currency manipulation, perhaps the single most important factor and explain the growth of our trade deficit. eliminating the trade deficit or eliminating currency manipulation could reduce the trade as a by roughly $190-$490 billion. doing this would increase manufacturing employment by up to 1 million jobs. that's a big downpayments in the whole we have created in manufacturing and employment. one thing we need to do is create demand. that is what we did do but we did not do that in the last decade. we need to shift the demand to domestic produced goods resulting in the hiring of domestic workers. manufacturing jobs are amongst the best for workers especially for those without a college degree. high wages, good benefits. >> bruce, you worked in washington, d.c., and brookings is right off dupont. >> i am mostly on a plane. >> industrial policy is a dirty word. if you go to any other domestic place, it will land yo
, investment in this term, and we all recognize the deficit is an issue but it is an issue over a long term, and the balancing act by repealing sequestration creates for us in this country an opportunity to continue to recover and stabilize our economy, invest in thing wes need for the future, and put on the table revenue that is not there that needs to be part of the revenue generation we need in order to deal with the deficit issues of this country and the investment needed for recovery. thank you very much. >> thank you. i'm so happy to be here with the progressive caucus, talking bat sensible alternative. here are the facts. full implementation of the sequestration would threaten 2.4 million jobs. both in the public and the private sector. the congressional budget office has said that sequestration, if allowed to take effect, would reduce economic growth by 1.25% this year. so, there's no doubt that the sequestration would harm the economy. we need to make sure a sequestration is going to be replaced, it isn't replaced with something even worse. the president has already signed into law
. >> where did the money go? >> the money supposedly is going to reduce the deficit. but the problem is, the sequestration is indiscriminate. if you let leon panetta do those cuss and figure out where they should come from and did it with a scalpel that would be fine. but i think the defense department can handle this. the president is not going to come up with cuts and programs that he wants if the republicans don't say what they want. whether they want it to be the virgin birth of spending cuts. >> ryan, you and i know that the 95 billion goes back in the private sector. what happens to it then? then it becomes much more lucrative than 85 billion because it's reinvested. where? in private enterprise, correct? >> it doesn't necessarily go back into the private sector. it van issues. >> how does that happen? >> they don't borrow. >> it's not being borrowed. >> but if it's still -- if it's no longer borrowed, and in the private sector where it is functioning under the rules of -- >> sitting in the banks. >> and the program matt sound capitalism. issue three. gop soul search. >> we believ
is happening, it is true that the deficits are going to be below a trillion dollars for the first time in several years. it is true that the new revenues and spending that you did not do -- it is also true the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that a raise taxes and cut spending, it could have been dragging effect on the economy. but not nearly as much as not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the explosive effect of lowing interest rates with a booming bond market and having more disposal income over five-10 year period to invest in america's future would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble. it will make sense here again. but timing is everything. so i think you should have a budget that does not defy arithmetic and does not follow in the trap that we had for 20 of the last 32 years which is you always get more money when you cut taxes. but it is
that we need higher fuel tax, and we can use that either to reduce the deficit or to pay for something else. it was designed -- or intended -- whether it has done so successfully or not, it was done to pay for infrastructure. >> absolutely. we are not real happy about that. >> john, what are you hoping for next week? >> for some reason, i have not been consulted on that. the president in the campaign said he was 4 and all of the above energy policy, so let's have some announcements that support that -- he was for an " all of the above" energy policy. let's move forward with the things that you need to do to accomplish that policy. i would say that we would also -- i would like to see stop this discussion about taxing the industry and trying to characterize it as subsidies, which is simply not true, and i would like to see more opportunities in terms of where we can open up areas that are off-limits right now. all those combined can generate an enormous amount of opportunity for the economy right when we need it. >> i will just mention a couple of things. i think lenders have been reall
proposals for deficit reduction. the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being
for a short-term deal to avoid these budget cuts. congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and local congressmen are concerned about the impact on our economy. >> and sequestration will hurt not only the defense side but the non-defense side. my committee funds the f.b.i. there will probably be furloughs at the f.b.i. there will be furloughs potentially at the national cancer institute, at nih. this thing has ramifications for defense and non-defense. >> reporter: the cuts were originally scheduled to kick in january 1st because congress couldn't grow on a broad package to reduce the deficit several times in 2011 and 2012 in excomping for
deficits aren't nearly -- they're important but not nearly as important as getting the economy growing now. and that's what i want to do. chris: i'll get back to what you said, david. there is a great chance to get the american people's attention. if he makes an appeal, let's get beyond the zero sum, backettey-back bickering in washington and get some stuff done this year. can he put the republican right, i guess you have to call it the republican right, in a corner? >> if he continues this theme which i think led to his success on the fiscal cliff negotiations, which is to make the republicans the party of no at a time when americans want government to work. and i think that's the way he needs to set it up. i didn't think he did that well in his inaugural address but i think he has another chance here, and if he can make it seem as if, you know, resisting him on finding an alternative to sequestration is being the party of no, the party of the wreckers, i think he's got him in a corner. >> i think if he does go over their heads in congress, which is what he's trying to do on every issue,
we're going to get these defense cuts and deficit hawks, conservatives, tea partiers are putting moderate republicans in a bind saying this is cutting our deficit. let's go for it. >> the grand irony, of course, is the fact that the number -- if you poll people their number one issue is jobs, right? it continues to be jobs. and $120 billion austerity crunch, the numbers being bantered around, in exchange for the sequester, which is like $85 billion. whatever it is, right, that's a big chunk. that will have an effect, negative jobs effect, no question. >> it is going to have an effect, i agree with you, chris. here is what i think. i think it is a risk. there will probably be a small recession. we had a .1 decrease in gdp last time. this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this oth
've had enough. they think the spending cuts are the only way to achieve true deficit reduction. back to you. >> all right, melanie. thank you very much. >>> president obama's pick to head the cia. a justice department memo leaked yesterday outlined the justification for killing american citizens without a trial if they are working with al-qaida. learning about a secret u.s. drone base first reported by the new york times. did not object to water boarding al-qaida terrorists though now he opposes that technique. >> fbi is combing over -- investigators have revealed they found two explosive devices on the suspect's property. one was in the ventilation pipe authorities were using to communicate with that man. the other was inside the bunker. dykes was killed by swat agents as they engaged in a fire fight as they stormed the bunker and rescued the boy. >> the murder case heads back to court in dc. a judge will hold a hearing to decide if the media should have documents related to secret hearings. the meetings allegedly focused on an issue with trial witness. convicted of killing levy bac
of americans want sensible policies for this country. they want to us deal with the deficit in a way that provides for the future of this country. so they want to invest in research and education. they want roads and bridges. we're having a tough time breaking through the division that we have in washington. and quite frankly, the more you can do to underscore the importance of the work that you do, i think the stronger the voice will be for a reasonable solution to our fiscal problems that will permit n.i.h. to get the funding it needs on a permanent basis. so i think this point needs to be underscored more and more. the work you do here and the impact it has on our lives. i was talking -- we had a chance to talk about the work being done in infection diseases about trying to develop a way in which we can get a flu shot that is more generic rather than every year. that's extremely exciting to me. i don't like trying to figure out when i'm going to get my flu shot and whether it works or not. the more we talk about what we can achieve in the future, what america can achieve in the fu
with a record debt and deficit, threat of global warming, threat of global poverty, of pandemics, of national security challenges like continuing war on terrorism, the instability of iran and north korea, rising powers, turmoil across the middle east, turmoil in north africa, the proliferation of weapons of mass destruction and the growing threat of cyberattacks. how we confront these problems, how we deal with these challenges will in many ways determine that future course of america. it will determine whether the united states will be a leader in the 21st century or whether we will be just another failed empire in history. to succeed we will depend on the resilience of our economy, the strength of our diplomatic and military institutions and above all, the effectiveness of our political system that underpins in many ways what we do as a country. and that brings me to what i see as perhaps the most urgent task facing this nation and facing all of us and that is overcoming the partisan dysfunction in congress that poses a threat to our quality of life, to our national security, to our economy
the economy is in a recession or if it it's sagging, then you need deficit spending to get it moving. republicans used to agree with that. even in 2007 and 2008, they were proposing different stimulus measures. they no longer agree with the idea that they get the economy moving in a rough time. so maybe you have to actually have some spending cuts go into effect and see the effect on the economy for them to recognize the fact that oh, yes, if we take this money out of the economy, the economy will go down. that's what happened last quarter. if you hit the pentagon and if you hit domestic spending there's no question that the economy will retreat. so maybe they actually have to see that happen and then there will be some type of political reckoning and a turnaround and we can talk rationally about how to get this economy going again and create jobs. >> of course the president insisted -- and he talked about this yesterday -- he thinks we have to stop lurching from crisis to crisis. >> we continue to have these self-inflicted crisis here in washington that suddenly leads everybody to t
lost is there are different ways of reducing the deficit. the president talks about the debt reduction deals we have. if you look at the spending side it is all discretionary. all on the defense side. it is research and work development, all of these things that are r&d. they do not deal with what most economists would say is the real problem. has a debate somehow skewed in how we have failed to make these distinctions and where to make the cut? >> this notion of federal government driving innovation versus private and filling a shift there. >> there's always both. the government has been the catalyst of the private sector involved. if you go back 30 years, most would come from the department of defense. today there's a lot more in the private sector than ever before. it is quite strong. >> there is not one company, ge is not alone, that has not changed their health care a pension plan. they are difficult decisions that are hard to do. we do it in a constructive way with employees. the notion that we are in a world where we cannot do anything about some of these big entitlement costs,
to lower the devers, but americans do not -- to lower the deficit, but americans do not support sacrificing real spenged cuts for more tax hikes. the president's sequester should be replaced with spending cuts and reforms that put us on a path to balance a budget over the next 10 years. the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. combination of revenues and spending cuts, and they know he's gotten his revenue. the american people do not believe the president will use further tax revenues to lower the debt. and haven't seen this president attempt to spend his way into prosperity over the last four years, they know he'll spend it. the president doesn't believe we have a spending problem. he general winly believes the government -- genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. the unemployment rate is still nearly 8% and rising. small businesses like the one i ran are struggling. middle class families, those
and then some with deficit reduction that we should at the very least take action for temporary buydown just as we did at the end of the year of the sequester to prevent the terrible impact of the sequester. lou: a panel trying to diagram the sequester. he points out the house has already passed two separate bills to replace the sequester but both of those bills are allowed to die and demographically controlled senate. he has had it with the obama way of doing business that he is content to allow the white house bipartisan sequester to take affect on march 1. >> let me make clear i don't like the sequester, i think it is taking acts of more government. >> would you delay the impose a sequester? >> that is right, i will. lou: meanwhile also headed with the obama way infuriated with the white house gag order on top level officials muscling those officials preventing them from talking with her committee on unscheduled spending cuts. maryland democrat and chairman of the appropriations committee said high-level cabinet members have been instructed not to talk unless their words are cleared by th
unless somebody take some serious action. an accumulated seven runs and $45 million budget deficit within the next 10 years -- and accumulated $745 million. the reserve fund would be empty in three years. the mayor lays out her financial reform package to the city council. >> a late-night shooting sends one man to the hospital. one man is sent to the hospital. the victim was shot in the arm. no word as to a suspect or a possible motive. there was a triple stabbing downtown that left one person dead. sarah sampson has more. >> it happened at the intersection of howard and fayette streets. it is not clear if the people involved attended the parade. city police say a fight broke out at 1:30 in the afternoon. one man was stabbed to death, two others were wounded. a group of boys were involved in a fight. police are confident crime camera footage will lead to an arrest. >> downtown baltimore is one of the safest parts of the city. we work hard at it. we make sure people feel safe. we are going to find out who did this on a day that baltimore was going to celebrate. we owe it to the family and
community this. he couould get by without it. pe peterson, who has been a deficit hawkor somome time, said is word of what we wl growth crisis. the economy will grow more because we ll have in research and development, education and training. what are some of the ways that couldlde departmement of e fat without hurting readiness for weapons systems. look at how the pentagon increased over the past decade. it has increased around close $650 billllion er a decade of spspending, and that includes spending on thmoors.s. -- wars. there are more members o of initary bands then therere aree state department -- stataffers in the state department. >> so total state department not total the number of band memberers? >> againscare tactics. >> rememember, marines protect bassieies. all in favor of keeping them there, but i think we could the ban if that was what was necessary. takina billllion of a $16 year out is going tonomy , ore a tremendous c calamity a $3.50 t trillion government wl calamit it'sous youou cant get taken from a pig. >> the only thing that democrats and republicans agree ons theyey
. grappling with a record debt and deficits, threat of global warming, threat of global poverty, pandemics, of national security challenges like continuing war on terrorism, instability of iran and north korea, rising powers, turmoil across the middle east, turmoil in north africa, the proliferation of weapons of mass destruction, and the growing threat of cyber attacks. how we confront these problems, how we deal with these challenges will in many ways determine the future course of america. it will determine whether the united states will be a leader in the 21st century, or whether we will be just another failed empire in history. to succeed, we will depend on the resilience of our economy, the strength of our diplomatic and military institutions, and above all, the effectiveness of our political system. that underpins in many ways everything we do as a country. and that brings me to what i see as perhaps the most urgent task, facing this nation and facing all of us. and that is overcoming the partisan dysfunction in congress that poses a threat to our quality of life, to our national se
an economic value of negative $16.3 billion. that is basically a deficit in its capital reserve because of mortgages continuing to go bad. but one fha critic, ed pinto, of the american enterprise institute testified today by his analysis the fha is actually short by more than $50 billion. so critics say that this means the fha is headed for a bailout but, fha supporters say that the critics are hyperventilating. >> if the fha were a private financialness stigs likely somebody would be fired, somebody would be fined or the institution would find itself in receivership. instead it is merely merrily on its way to becoming the recipient of the next great taxpayer bailout. >> i don't think there are many independent people think we're looking at the next great bailout. yes, the fha is little bit of an issue at the moment because of its countercyclical mission, by the way it was part of a their original mission to come in during the difficult times. they did that and they are in trouble because of it. >> reporter: house republicans got legislation through congress last year to try to reform t
feel that same sense of shared responsibility. that is how we will reduce our deficit. that is america built to last. [laughter] -- [applause] i recognize that people watching tonight have differing views about taxes and debt and energy and health care. no matter what party they belong to, i bet most americans are thinking the same thing right about now -- nothing will get done in washington this year. or next year. or the year after that, because washington is broken. can you blame them for feeling all little bit cynical? the greatest blow to our confidence in our economy last year did not come from event beyond our control. it came from a debate in washington over whether the united states would pay its bills or not. who benefited from that fiasco? i talked tonight about the deficit of trust between main street and wall street. but the divide between the city and the rest of the country is at least as bad, and it seems to get worse every year. host: from january of last -- of last year, the president in his state of the union address. some of the same themes it will continue this wee
into deficit spending and debt, should we not at least apply some standards and some principles in terms of where and how we allocate funds that are sent to us by the taxpayer? i've asked each agency to do that. we haven't received any reports back. all we hear is from a number of voices around town, oh, no, we can't touch any of this. every dime that we spend is absolutely necessary. well, i think what senator coburn has done and begun to do and what i hope to do and also work with him and others is to identify some of those areas and literally ask the question to my colleagues and to the american people, do you think this is really an essential function of the federal government? is this something that maybe we would like to do but don't have the money to do or is this something that frankly has just not lived up to its promise, is wasting money, or is this something that never should have been passed in the first place? if we don't apply those principles to our future spending, we're going to continue down this road. now, we all know that the big three, social security, medicare and m
there are members here that agree, you got to address the larger deficit issue and to address a large deficit issue and my own experience having participated in every budget summit that we've had in past years, you got to be able to develop a balanced package in order to do that. that's just the nature of dealing with the size deficit -- size of deficits that you got. my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, some this constant uncertainty, this month-to-month situation where we don't know what the hell we're going to get. that should end. in the absence of that deal, obviously i'll support whatever package you can put together to try to detrigger sequester. whatever you can do to make sure this doesn't happen. i mean, i cannot imagine that people would stand by and deliberately hurt this country in terms of our national defense by letting this take place. >> i'll only add briefly that most of the things we're doing are reversible. that is our goal, that they would be reversible. even if you reverse them it will take so
to the deficit. on that list of attendees for that meeting include marshall fitz from the center for american progress. ben jealous from the naacp and richard from the afl-cio. later in the day the president is meeting separately with a group of business leaders. that includes lloyd from goldman sachs, from yahoo and kent from coca-cola. congress has the next three and a half months to run up the deficit as much as it wants. the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native americans and lgbt members. senators who voted against considering that bill include ted cruz, marco rubio and rand paul, all republicans. more bill's up next. stay with us. to me now? you k
. you've got to address the larger deficit issue, and to address the larger deficit issue -- and my own experience. i've participated in every budget summit we have indiana past -- we have had in past years. you have to develop a balanced package. that's the nature of dealing with the size deficits you've got. and my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, stop this constant uncertainty. this month-to-month situation where we don't know what the hell we're going to get. that should end. in the absence of that deal, obviously i'll support whatever package you can put together to try to detrigger sequester. whatever you can do to make sure this doesn't happen. i mean, i cannot imagine that people would stand by and deliberately hurt this country in terms of our national defense by letting this take place. >> i'll only add briefly that most of the things we're doing are reversible. that is our goal, they would be reversible, but even if you reverse them it will take some time -- and i can't predict that yet -- w
and time again, and i think there are members here that agree, you got to address the larger deficit issue and to address a large deficit issue and my own experience having participated in every budget summit that we've had in past years, you got to be able to develop a balanced package in order to do that. that's just the nature of dealing with the size deficit -- size of deficits that you got. my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, some this constant uncertainty, -- stop this constant uncertainty, this month-to-month situation where we don't know what the hell we're going to get. that should end. in the absence of that deal, obviously i'll support whatever package you can put together to try to detrigger sequester. whatever you can do to make sure this doesn't happen. i mean, i cannot imagine that people would stand by and deliberately hurt this country in terms of our national defense by letting this take place. >> i'll only add briefly that most of the things we're doing are reversible. that is our goal,
and the deficit and debt crisis, everyone is entrenched in their positions and sitting back and saying, i think sequestration is going to happen. you know who is going to take the brunt of it. the across the board nature of the cuts are going to hurt our ability to train and maintain, vehicles, ships and airplanes and the things that provide the readiness for our military are going to take a dramatic cut and we'll have done nothing to reform the way we spend money and put our country on a sound physical track. >> of course, pete, as we talk about cutting back, our enemies are ramping up and you see north korea doing more testing and iran moving possibly closer to nuclear weapons. do our enemies overseas pay attention to our budget woes and our plans here at home? >> sure they do. they look at our capabilities. they look at our disposition. they perceive us differently when we're perceived to be drawing back and pulling away from the world and cutting our capability. so, what happens in washington is watched very, very closely and that's why we have to demonstrate our commitment to maintaining t
Search Results 0 to 49 of about 99 (some duplicates have been removed)

Terms of Use (31 Dec 2014)